CEA Nageswaran asks India Inc not to seek protective cover of weak currency

India's Chief Economic Advisor, V Anantha Nageswaran, cautioned Indian businesses against relying on a weak currency to boost exports. He emphasized that while a weaker currency can make exports cheaper, it shouldn't replace productivity and innovation. Nageswaran urged companies to focus on enhancing productivity, research, and development instead of depending on currency fluctuations for competitiveness.